Contrasting Growth Experience of China and Sub Saharan Africa
Economic growth, put simply, is “an increase in the amount of goods and services produced per head of the population over a period of time”; development is inextricably linked with this economic growth. By utilising theories of economic growth and development we can see how the Chinese and Sub-Saharan African economies have emerged, but, more notably, we can use these to look at patterns from past and present to show their experience and the implications of this growth for the future.
Development has become synonymous for industrialisation. Economic growth comes from …show more content…
Overall, SSA could be showing promise like China previously, although theit are concerns for sustainability.
China still remains a fast-growing economy, growing 7.3 percent in the fourth quarter of 2014 compared to a year earlier, though it is expected to slow to 7 percent in 2015 showing it is no longer expanding at the pace it did a few years ago (see figure 1). It is clear that China has experienced growth quicker than in Sub-Saharan Africa as it has provided aid and investment to the infrastructure of SSA and created capital that has been desperately needed for SSA’s growth and development. This has come from China searching for natural resources to further its own industrialisation.
With reference to the Lewis Theory of Development, China under came a paradigm shift in ideology with the introduction of the Comprehensive Economic Reform (CER) in 1978 post Mao legacy. The structural change